Which of the Following Letters of Credit Can Be Modified

question 34

Multiple Choice

Which of the following letters of credit can be modified without obtaining approval from either the exporter or the importer,by the bank issuing the letter of credit?

• A)revocable letter of credit
• B)confirmed letter of credit
• C)at sight letter of credit
• D)usance letter of credit

Comprehend the definition and calculation of standard error using given formulas.

Understand the concept of a point estimate and its role in statistical inference.

Distinguish between point estimates and confidence intervals and understand their applications.

Understand the concept of confidence intervals, including how to calculate and interpret them.

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Definitions:

Nocebos

Negative health effects that result from the mere belief or expectation that something is harmful, even if it contains no active ingredients or harmful properties.

Dissolves

The process by which a solid becomes incorporated into a liquid to form a solution.

Fats

Macronutrients composed of fatty acids and glycerol, important for energy storage, insulation, and cell membrane function.

Benzodiazepines

A class of psychoactive drugs known to have tranquilizing effects, often used to treat anxiety, insomnia, and other disorders.